43-1202. Feeder organizations not exempt from tax; definition
A. An organization that is operated for the primary purpose of carrying on a trade or business for profit is not exempt under any provision of this chapter on the ground that all of its profits are payable to one or more organizations exempt under this section from taxation.
B. For the purposes of this section, " trade or business" has the same meaning prescribed in section 502 of the internal revenue code and regulations adopted pursuant to that section.